539 NE 82nd Terrace

Listing Snapshot

Price

$1,100,000

Days on Site

33 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

3,964 sqft

Lot Size

0.17 Acres

Year Built

1936

Property Type

Commercial

MLS #

A11838739

Property Tax

$17,862

County

Miami Dade

Status

Sold

About This Property

East Side Flats at 539 NE 82nd Terrace is a prime multifamily investment in Miami Shores. Built in 1936 with reinforced concrete, this well-maintained property features five units: one studio, one 1-bed/1-bath, and three 2-bed/1-bath units. Spanning 3,568 sq. ft. on a 0.17-acre lot, each unit offers a fully equipped kitchen, tiled floors, and wall A/C units. Residents enjoy a private backyard, ample parking, and a brand-new roof. Generating a 7%+ cap rate with potential to exceed 8%, this property offers strong cash flow. Situated off US-1, it provides easy access to Downtown Miami, airports, beaches, shopping, and dining. A rare investment opportunity in a high-demand rental market!

General Features

Property Type

Commercial

Status

Sold

Year Built

1936

Lot Size (Acres)

0.17

Total Sq Ft

3,964

Sewer

Public Sewer

Water Source

Public

Zoning

4600

Interior Features

Cooling

Wall Window Units

Heating

Wall Furnace

Community & HOA

Financing Terms

Cash / Conventional

MLS Area

2320